Loan amount
$400,000
Loan type
Refinance {Construction}
After Repair Value
$675,000
ARV
59% {ARV}
Property type
Vacant Land
Borrower Details
Credit score
637
Deal experience
4 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Ellijay
State
North Carolina
Loan Details
Current mortgage balance
$0
Cost of improvements
$400,000
Estimated property value after repairs
$675,000
Additional Loan Information
We are looking to put a single home in a mountain community with 9 vineyards within 40 km. We are going to use a kit or modular build for cost effectiveness and time efficiency. We will rent short term at a minimum rate of $450 a night and an estimated occupancy of 60%.
Status
Created
March 4, 2022 - 11:25pm

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